Share

Banco Popolare drags the banks

Weak European price lists, but Milan holds thanks to the banks – The best title is Banco Popolare: Ubs writes that the accounts are higher than expectations – Intesa Sanpaolo and Unicredit rewarded by Nomura – Monte Paschi also rises.

Banco Popolare drags the banks

Game delayed by half an hour due to technical problems, Business Square it loses speed after the positive start, together with the other Stock Exchanges of the Old Continent. The good news on the Greek negotiations and the stability of the Sentix index on European confidence offset the weak data from China. 

The Ftse Mib index rose by 0,13%, to 23.791 points. More modest earnings than Frankfurt (+ 0,02%) and Madrid (+0,26%). Negatives Paris (0,05%) and London (-0,85%) affected by the decline in mining shares.  

The yield of BTP ten-year is at 1,84%, the Waist 0,63%. Euro at 1,097 dollars from 1,096 at Friday's closing. The Petroleum WTI sells 25 cents at 43,62 dollars and that on Brent 27 cents at 48,34 dollars a barrel. Prices move on period lows.

In evidence in Milan the banks, towed by the Banco Popolare (+3,11%): Ubs writes this morning that data for the quarter, released on Friday evening, overall exceeded expectations. 

Awarded by Nomura Intesa Sanpaolo (+0,7%, target price at 2,90 euro from 2,60 euro, Neutral opinion) e Unicredit (+0,7%, tp 7,10 euros from 6,50 euros, Buy recommendation). Salt too Mount Paschi (+1,02%). Slide in red Ubi (+ 0,02%).

Among the industrialists, Finmeccanica e St Microelectronics unchanged, Fiat Chrysler + 0,34% Prysmian +1,19%. Weak oil: Eni loses 0,3%, Saipem -0,2%.

comments